New York Institute of Finance
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The New York Institute of Finance (NYIF) is an American Education Company that was founded by the
New York Stock Exchange The New York Stock Exchange (NYSE, nicknamed "The Big Board") is an American stock exchange in the Financial District of Lower Manhattan in New York City. It is by far the world's largest stock exchange by market capitalization of its listed c ...
(NYSE) in 1922. The institute provides continuing education to professionals in the
finance Industry Financial services are the economic services provided by the finance industry, which encompasses a broad range of businesses that manage money, including credit unions, banks, credit-card companies, insurance companies, accountancy companies, ...
and corporations worldwide. The institute owns the trademark "Where Wall Street Goes to School".


History

“In 1921 it became evident that, for the sake of the business itself and for the sake of the thousands of young men and women employed by the Exchange and by its member firms, some method should be devised whereby they might learn the fundamentals; the reasons why they did the things which occupied their working days…” “This was the inspiration behind the establishment of the Stock Exchange Institute. The growth of this Institute has demonstrated that it fills a real need. Through Institute classes and lectures in New York, and through Correspondence Courses available to those at a distance, instruction is furnished in all important phases of the
security Security is protection from, or resilience against, potential harm (or other unwanted coercive change) caused by others, by restraining the freedom of others to act. Beneficiaries (technically referents) of security may be of persons and social ...
business. Through these facilities, any young man or woman may, while working, obtain an education in finance and allied subjects.” In 1924, 205 graduated from the New York Stock Exchange Institute. The following year, the institute introduced the “Mock Market”, a trading simulation on the floor of the NYSE after hours becoming an integral part of the one-year training program for new employees of the exchange. By 1930 courses of the institute were extended to employees of member firms of the Exchange. The first record of “The New York Institute of Finance” appears in the minutes of the NYSE Board of Governors meeting, October 8, 1942: “Permission has been granted to the New York Institute of Finance to use the Board of Governors meeting room for a lecture course and a portion of the Exchange Floor, after hours, for drill purposes, in connection with a course in military training which is being organized.” The New York Institute of Finance is headed by Albert P. Squier, who had been Associate Director of the Stock Exchange Institute for many years. The New York Institute of Finance was sold from the New York Stock Exchange to Prentice-Hall in 1960. Via an acquisition of Prentice-Hall by
Pearson plc Pearson plc is a British multinational corporation, multinational publishing and education company headquartered in London, England. It was founded as a construction business in the 1840s but switched to publishing in the 1920s.J. A. Spende ...
, ownership and management of the New York Institute of Finance moved to Pearson plc, which owns both the New York Institute of Finance and
Prentice-Hall Prentice Hall was an American major educational publisher owned by Savvas Learning Company. Prentice Hall publishes print and digital content for the 6–12 and higher-education market, and distributes its technical titles through the Safari B ...
. In 2008 the Institute opened its Beijing office. In 2013 ownership of the Institute was transferred to a Pearson company, the
Financial Times Group The ''Financial Times'' (''FT'') is a British daily newspaper printed in broadsheet and published digitally that focuses on business and economic current affairs. Based in London, England, the paper is owned by a Japanese holding company, Nikke ...
. The Institute's head office is based in Manhattan New York. It teaches a curriculum of professional workplace skills-training in over 120 different financial training courses and offers its own qualifications and Professional Certificates. In 2015 the Institute had over 35,000 students in more than 120 countries, the majority studying via its e-learning library. In 2017, the NYIF was sold by the Financial Times Group and is now an independent company, after its purchase by a consortium of other companies instead along with
Pearson PLC Pearson plc is a British multinational corporation, multinational publishing and education company headquartered in London, England. It was founded as a construction business in the 1840s but switched to publishing in the 1920s.J. A. Spende ...
.


Accreditations

The New York Institute of Finance works with several associations and organizations to complement their educational programs including: *
National Association of State Boards of Accountancy The National Association of State Boards of Accountancy (NASBA) is an association dedicated to serving the 56 state boards of accountancy. These are the boards that regulate the accountancy profession in the United States of America. There is one ...
(NASBA) *
CFA Institute The CFA Institute is a global, not-for-profit professional organization that provides investment professionals with finance education. The institute aims to promote standards in ethics, education, and professional excellence in the global investme ...
*
Certified Financial Planner Board of Standards Certified Financial Planner Board of Standards, Inc. (CFP Board) is an American 501(c)(3) certifying and standards-setting organization that administers the Certified Financial Planner certification program and oversees more than 89,000 profess ...
(CFP Board) *
CMT Association The CMT Association is a non-profit, global, professional organization of technical analysts headquartered in New York City, servicing over 9,000 market analysis professionals in around 80 countries. The CMT Association certifies that an individual ...
* The Institute of Certified Bankers (ICB) *
Association of Certified Anti-Money Laundering Specialists The Association of Certified Anti-Money Laundering Specialists (ACAMS) is an organization that provides training and certification, runs conferences and disseminates information on detection and prevention of money laundering. ACAMS was founded ...
(ACAMS) * Institute of Certified Public Accountants of Singapore (ICPAS) * Chartered Investment Banking Analyst™ * Financial Data Scientist™ *
Project Management Institute The Project Management Institute (PMI, legally Project Management Institute, Inc.) is a U.S.-based not-for-profit professional organization for project management. Overview PMI serves more than five million professionals including over 680,00 ...
(PMI) * International Association for Continuing Education and Training *
Global Association of Risk Professionals Global Association of Risk Professionals (GARP) is a not-for-profit organization and a membership association for risk managers. Its services include setting standards, training, education, industry networking, and promoting risk management practi ...
* FutureLearn * New York State Education Department (NYSED) * edX


Past delegates include

*
Warren Buffett Warren Edward Buffett ( ; born August 30, 1930) is an American business magnate, investor, and philanthropist. He is currently the chairman and CEO of Berkshire Hathaway. He is one of the most successful investors in the world and has a net w ...
- In 1947, Buffett entered the
Wharton School of the University of Pennsylvania The Wharton School of the University of Pennsylvania ( ; also known as Wharton Business School, the Wharton School, Penn Wharton, and Wharton) is the business school of the University of Pennsylvania, a Private university, private Ivy League rese ...
. Warren studied there for two years and joined the
Alpha Sigma Phi Alpha Sigma Phi (), commonly known as Alpha Sig, is an intercollegiate men's social fraternity with 181 active chapters and provisional chapters. Founded at Yale in 1845, it is the 10th oldest Greek letter fraternity in the United States. The f ...
fraternity. He then transferred to the
University of Nebraska A university () is an institution of higher (or tertiary) education and research which awards academic degrees in several academic disciplines. Universities typically offer both undergraduate and postgraduate programs. In the United States, the ...
where at 19, he graduated with a
Bachelor of Science A Bachelor of Science (BS, BSc, SB, or ScB; from the Latin ') is a bachelor's degree awarded for programs that generally last three to five years. The first university to admit a student to the degree of Bachelor of Science was the University of ...
in
Business Administration Business administration, also known as business management, is the administration of a commercial enterprise. It includes all aspects of overseeing and supervising the business operations of an organization. From the point of view of management ...
. After being rejected by
Harvard Business School Harvard Business School (HBS) is the graduate business school of Harvard University, a private research university in Boston, Massachusetts. It is consistently ranked among the top business schools in the world and offers a large full-time MBA p ...
, Buffett enrolled at
Columbia Business School Columbia Business School (CBS) is the business school of Columbia University, a Private university, private research university in New York City. Established in 1916, Columbia Business School is one of six Ivy League business schools and is one ...
of
Columbia University Columbia University (also known as Columbia, and officially as Columbia University in the City of New York) is a private research university in New York City. Established in 1754 as King's College on the grounds of Trinity Church in Manhatt ...
upon learning that
Benjamin Graham Benjamin Graham (; né Grossbaum; May 9, 1894 – September 21, 1976) was a British-born American economist, professor and investor. He is widely known as the "father of value investing", and wrote two of the founding texts in neoclassical inves ...
taught there. He earned a
Master of Science A Master of Science ( la, Magisterii Scientiae; abbreviated MS, M.S., MSc, M.Sc., SM, S.M., ScM or Sc.M.) is a master's degree in the field of science awarded by universities in many countries or a person holding such a degree. In contrast to ...
in
Economics Economics () is the social science that studies the Production (economics), production, distribution (economics), distribution, and Consumption (economics), consumption of goods and services. Economics focuses on the behaviour and intera ...
from Columbia in 1951. After graduating, Buffett attended the New York Institute of Finance.


See also

*
Professional certification in financial services Following is a partial list of professional certifications in financial services, with an overview of the educational and continuing requirements for each; see and :Professional certification in finance for all articles. As the field of finan ...
* Swiss Finance Institute *
Amsterdam Institute of Finance Amsterdam Institute of Finance, or AIF, is a financial training institute for international finance specialists and other professionals based in Amsterdam, The Netherlands where it offers open enrollment training programs. Established in 1990 as an ...
*
The London Institute of Banking & Finance The London Institute of Banking & Finance is the oldest training and professional body for banking and financial services in England and Wales, and works internationally with partners to establish ethical and professional standards across the ...


References


External links


Official website
{{DEFAULTSORT:New York Institute Of Finance New York Stock Exchange Securities (finance)